Haidilao International Holding Ltd. provided group earnings guidance for the year ended December 31, 2020. The Group is expected to record a decrease of approximately 90% in net profit for the year ended December 31, 2020, as compared to the net profit of the Group for the year ended December 31, 2019 of approximately RMB 2,347.0 million. Such expected decrease in net profit was mainly attributable to (i) the significant impact on the operations of the Group caused by the outbreak of the 2019 Novel Coronavirus and the subsequent disease prevention measures as well as restrictions on consuming places imposed by countries and regions around the world, and (ii) the net foreign exchange loss of approximately RMB 235.0 million due to fluctuations in the foreign exchange rate between USD and RMB, the majority of which was unrealized foreign exchange loss.